Corporate governance is the system that directs and controls business corporations.

Question

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Corporate Governance refers to the set of mechanisms that regulates the relationship between the different stakeholders of a corporation, such as shareholders, management, customers, suppliers, creditors, and the wider community. Its main objective is to ensure that the company is managed in a responsible, transparent, and accountable way, and that its decisions and actions are aligned with ethical and legal standards.

Corporate Governance Is the System That Directs and Controls Business